Savvis to Expand Trading Space in Chicago
February 3rd, 2010 By: Rich Miller
Responding to growth in its proximity hosting services for financial companies, Savvis (SVVS) is expanding its data center in a key connectivity hub in Chicago, the company said today. Savvis will add approximately 10,000 square feet of raised floor space in its data center at 350 East Cermak Road facility in downtown Chicago, with new space supporting 200 watts per square foot of power.
The expansion will support growing demand from financial customers interested in hosting their trading applications in close proximity to major derivatives markets based in Chicago. Savvis ‘ facility at 350 East Cermak will now encompass approximately 30,000 square feet of raised floor and provide access to key trading venues, including the CME Group. It will also serve as one of the global delivery points for the Thomson Reuters Hosting Solution announced last year, which is being offered in six Savvis data centers around the globe.
“Chicago is an important financial center, and we are pleased to meet existing demand and expand our proximity hosting and IT infrastructure services on East Cermak,” said Varghese Thomas, global head of financial services for Savvis. “The financial services industry is increasingly moving toward converged solutions featuring high-availability application hosting and world-class network access for the leading global trading venues and liquidity pools across all asset classes.”
Savvis currently operates 28 data centers globally, with more than 1.4 million square feet of high-quality, raised floor space, which is designed to support enterprise IT operations.